2000 Schwinn Peloton Road Bike $300 Worth it?

I am going to look at a 2000 Schwinn Peloton Road Bike from this guy selling it for $300. I am new to the sport so I don't know much about bikes. He has a computer on it that records time and distance. Anyone know any history on this frame? He said he has all shimano parts that have been upgraded. That is all the info I have. Anything would help. thanks!

I still have a Peleton Pro - 2001 vintage I believe. It does have the really nice ride that steel is famous for. Mine has - just guessing - about 7-8 thousand miles on it. I put on five of them, and the guy I bought it from had ridden it across the country.

If it's in good shape, it's well worth the money if you're looking to get a decent bike on the cheap.